With $1.00+ in premium to be had on the call side for the Feb 19th 16 call, it may be worth initiating a covered call here.
100 Shares MW at $15.05
1 Feb 19th 16 short call at $1.03
Entire Package: $1401 (break even at $14.01/share)
Max Profit: $199 (if called away at $16)
Notes: I looked at going a little bit farther out in time than usual to capture some additional, cost-basis reducing premium here, but it doesn't seem like you necessarily get a lot for that. The March 18 16 short call currently goes for 1.45 at the mid price (.42 more than the Feb 19th), but I generally prefer to keep the short calls in closer in time, since it allows for additional flexibility in rolling for additional credit, particularly if the underlying continues to collapse. An added drawback to this play is that the underlying does not have weeklies, so you can't get into a 15.5 short call (which would be preferable).